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Plots in Illalur, Chennai : Elite Grand City

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Plots in Illalur, Chennai : Elite Grand City

Last updated: April 26 2019
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  • Plots in Illalur, Chennai : Elite Grand City

    Hi,

    I am new this forum. We are planning for a long term investment and got to know about Grand City - Illalur . Plot Rate 1100 / Sq.ft. Is it a good investment?

    Awaiting for your valuable suggestions.
    Last edited April 24 2019, 11:17 PM.
  • #2

    #2

    Re : Plots in Illalur, Chennai : Elite Grand City

    Hi,

    Despite working in IT for a long time, and knowing the pros and cons of IT corridor, if you are intension is for investment and expecting returns from it, OMR is not the area.

    This area you mentioned is next to Thaiyur, and I personally didnt see much growth for last 5 years and I assume that for next few years no further development will happen.

    In fact, the industry is not booming, hence if at all you MUST invest, then opt for areas were some new govt initiatives are coming up.

    Also, for investment purposes, avoid new layouts, go for old layouts, out of experience I am saying this, coz the price of old layouts will be very less compared to fresh/new ones.

    All the best

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